The takeover Code repeals the previous rules on the takeover of listed companies and related disclosure requirements which were found in a number of separate regulations.

收购办法废止了之前在若干单行法规中所规定的有关上市公司收购的规则和相关的披露要求。

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The takeover code's rules are clear: both bids lapse.

ECONOMIST: British banking

In 1984 it moved its legal domicile to Bermuda, where the takeover code is more to its liking (among other things, this obliged Mr Li to reveal his stake at such a low level).

ECONOMIST: Superman versus the hong

The Takeover Panel's code says that a firm cannot say that it might improve an offer without actually doing so.

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